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Gold/Mining/Energy : Brex Exploration Inc. (M.BX)
BX 155.13-0.2%3:59 PM EST
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To: joe minten who wrote (107)10/22/1998 3:52:00 PM
From: Mike Paulin  Read Replies (1) of 134
 
No explanation for market activity

Brex Exploration Inc BX
Shares issued 23,247,235 Oct 21 close $0.15
Thu 22 Oct 98 News Release
Mr. Andrew McQuire reports
At the request of the Montreal Exchange, Exploration Brex announces that
there are no material changes that can explain the recent increase in
volume and price of the listed shares.
Drilling and exploration work on the Railroad project, which includes the
POO property continues. The drilling, carried out under the management of
Kinross began in the POO area during late September. No results have been
received from the POO area as yet.
Brex presently has been allocated 50 per cent of Mirandor's ownership in
the POO group of claims which are part of the Railroad project. Mirandor
presently owns 100 per cent of the Railroad project. In March of 1998
Mirandor signed an agreement with Kinross Gold whereby Kinross can earn a
50 per cent ownership position in the Railroad project by carrying out
expenditures of $7-million (U.S.) on exploration over a four year period.
Kinross may acquire an additional 10 per cent by expending a further
$5-million (U.S.) in feasibility work. There are no specific expenditures
on the POO area. Exploration results are expected in the near future.
There are no other exploration activities to report on any other property
at this moment.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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